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Hyundai Motor sets up research center in Beijing

2011-04-26

HONG KONG (Yonhap News) ― Hyundai Motor Co., Korea’s No. 1 auto maker, has established a research center in Beijing in an effort to expand its business in China, company officials said Wednesday.

The recent launch of the “Hyundai Motor Research Institute for the China Management” comes after China replaced Korea as the largest market for Hyundai Motor last year.

The Korean company sold 700,000 cars in China in 2010, with demand in the world’s most populous country continuing to grow rapidly. 

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